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on cutting taxes, even for the rich, the tone, different. during the primary -- >> i said today, we're going to cut taxes on everyone, across the country, by 20%. including the top 1%. >> reporter: last night? >> i will not reduce the share paid by high income individuals. i know that you and your running mate keep saying that and i know it's a popular thing to say with a lot of people, but it's just not the case. >> reporter: but on those regulations, dodd-frank, the new rules meant to prevent another financial collapse, romney often simply says -- >> i've got other things to do. we've got to repeal dodd-frank. >> reporter: but last night? >> you have to have regulation and there's some parts of dodd-frank that make all the sense in the world. >> reporter: and on the president's health care law, romney usually simply says this. >> if your priority is jobs, you got to get rid of obama care, and i will. >> reporter: but last night, when asked what he would replace it with? >> in fact, i do have a plan that deals with people with pre-existing
on cutting taxes, even for the rich, the tone, different. during the primary -- >> i said today, we're going to cut taxes on everyone, across the country, by 20%. including the top 1%. >> reporter: last night? >> i will not reduce the share paid by high income individuals. i know that you and your running mate keep saying that and i know it's a popular thing to say with a lot of people, but it's just not the case. >> reporter: but on those regulations, dodd-frank, the...
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that's not a tax raise. that's called fairness where i come from. >> and last night on "politics nation," jared bernstein explained to al sharpton that the math in mitt romney's tax plan doesn't add up. >> if you're going to cut taxes 20% across the board, which is mitt romney's plan, you're going to blow a $5 trillion hole over ten years in the government's revenue. now, what governor romney says is i can make that up by closing tax expenditures and loopholes, but there's two problems with that. one, the arithmetic. if you look at people over 200,000, just look at the wealthiest couple of percent, the revenue cuts about $250 billion, and the deductions, the broadening of the base, gets you back about 160. so you're short about $90 billion. >> and don't miss reverend al sharpton and "politics nation" weekdays at 6:00 eastern here on msnbc, the place for politics. >>> so how will today's monthly jobs report impact the candidates? economists are predicting the unemployment rate could tick up from 8.1 to 8.2%,
that's not a tax raise. that's called fairness where i come from. >> and last night on "politics nation," jared bernstein explained to al sharpton that the math in mitt romney's tax plan doesn't add up. >> if you're going to cut taxes 20% across the board, which is mitt romney's plan, you're going to blow a $5 trillion hole over ten years in the government's revenue. now, what governor romney says is i can make that up by closing tax expenditures and loopholes, but there's...
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his tax cut wouldn't be anywhere near that size. >> so you're disputing the size of the tax cut? or are you disputing also how he's going to pay for it? >> we're disputing the size. >> erin, he has campaigned on lowering tax cuts by 20% for everybody, including those in the top 1%. that was one of the main selling points in the republican primary. >> so you're saying if you lower them by 20% you get a $5 trillion tab, right? >> it's a $5 trillion tab. >> but when he closes deductions he won't be anywhere near $5 trillion. that's our analysis. >> well with, okay, stipulated, it won't be near $5 trillion, but it's also not going to be the sum of $5 trillion in the loopholes that he's going to close. it is going to cost someone and it's going to cost the middle class. independent economists have taken a look at this. there aren't enough deductions for those at the top to account for the number of tax cuts that they get because of mitt romney's policies. you have to raise taxes on the middle class, as bill clinton says, it's simple math. >> they'll say, though, that you can do that.
his tax cut wouldn't be anywhere near that size. >> so you're disputing the size of the tax cut? or are you disputing also how he's going to pay for it? >> we're disputing the size. >> erin, he has campaigned on lowering tax cuts by 20% for everybody, including those in the top 1%. that was one of the main selling points in the republican primary. >> so you're saying if you lower them by 20% you get a $5 trillion tab, right? >> it's a $5 trillion tab. >> but...
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one show put together moments when he wasn't. >> let's stay on taxes. >> just -- let's just stay on taxes for a moment. >> but virtually everything he just. >> but all i want to do is very quickly before we leave the economy. >> let's get back to medicare. the president said that the government. >> going to get the first word in the next segment. >> small businesses you are talking about. >> excuse me, just so everybody understands. >> gentlemen, look, one second. >> >> let's stay on the taxes then. >> i had five seconds before you interrupted me. >> i actually responded to that which is. >> jim,. >> respond to that. >> i have done a poor job. >> you have done a great job. >> oh well. no. >> bret: man, oh man, thank
one show put together moments when he wasn't. >> let's stay on taxes. >> just -- let's just stay on taxes for a moment. >> but virtually everything he just. >> but all i want to do is very quickly before we leave the economy. >> let's get back to medicare. the president said that the government. >> going to get the first word in the next segment. >> small businesses you are talking about. >> excuse me, just so everybody understands. >>...
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he locked himself into some bad positions that he took during the republican primary, tax breaks for companies that ship jobs overseas, refusing to ask the wealthiest for a dime to reduce the deficit and those give us big openings to talk about on the campaign trail in key states in the weeks ahead. >> vice president biden, meantime, said his boss did a good job during a bright line between his policies and mitt romney's. >> i think the president did a wonderful job in making it clear just how stark that choice is. >> keeping them honest, that is precisely where the pundits, even those who support president obama, say he dropped the ball and when we asked our viewers whether mr. obama did better or worse than expected, 61%, nearly two in three, said he did worse. as for why the president himself supplied an answer today. twice today out on the stamp using nearly identical wording each time. listen. >> when i got out on the stage, i met this very spirited fellow who claimed to be mitt romney. but i know it couldn't have been mitt romney. because the real mitt romney's been running aro
he locked himself into some bad positions that he took during the republican primary, tax breaks for companies that ship jobs overseas, refusing to ask the wealthiest for a dime to reduce the deficit and those give us big openings to talk about on the campaign trail in key states in the weeks ahead. >> vice president biden, meantime, said his boss did a good job during a bright line between his policies and mitt romney's. >> i think the president did a wonderful job in making it...
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if people want those tax cuts they're looking for him. who won't cut education, who insists his health care plan covers with people with pre-existing comment. the same guy who said his 47% comments were wrong. >>> also we're beginning to the learn more about the flawed strategy that led president obama to lay a debate egg wednesday night. best not happen again. >>> we mentioned the unemployment drop dropped sharply. >>> finally, let me finish with 7.8% jobless number, what it means, and why some people don't like looking at it. this is "hardball," the place for politics. >> after losing about 800,000 jobs a month when i took office, our businesses have now added 5.2 million new jobs over the past 2 1/2 years. this morning we found out that the unemployment rate has fallen to its lowest level since i took office. more americans entered the workforce, more people are getting jobs. today's news certainly is not an excuse to try to talk down the economy to the score a few political points. it's a reminder that this country has come too far to
if people want those tax cuts they're looking for him. who won't cut education, who insists his health care plan covers with people with pre-existing comment. the same guy who said his 47% comments were wrong. >>> also we're beginning to the learn more about the flawed strategy that led president obama to lay a debate egg wednesday night. best not happen again. >>> we mentioned the unemployment drop dropped sharply. >>> finally, let me finish with 7.8% jobless number,...
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don't why he didn't come out immediately after the republican primary, maybe even take on some of the tax loopholes, he says name a couple of them to prove he's going to stay on the side of the middle class. to find his entire life and now he's playing catch up. i'm not sure he has enough time. >> he's got a challenging -- pew survey found 75% of votes said it's more difficult now to maintain a standard of living and a "usa today" gallup poll before the debate said 53% think president obama will do better for them than mitt romney at 32%. how does he overcome that? >> i think wednesday night hit the restart button. they are ready to go. about a month to talk about his plan and i think what you saw on wednesday night, it wasn't the 30 second spots being defined by barack obama. it was mitt romney speaking unfiltered to voters for 90 seconds. he was in their living rim and they liked what they heard. >> jamal, shoot tragt with me on this. if i'm a democrat, sitting around watching this, mitt romney connected wednesday night. it has got to make you little bit nervous to say this is a magic b
don't why he didn't come out immediately after the republican primary, maybe even take on some of the tax loopholes, he says name a couple of them to prove he's going to stay on the side of the middle class. to find his entire life and now he's playing catch up. i'm not sure he has enough time. >> he's got a challenging -- pew survey found 75% of votes said it's more difficult now to maintain a standard of living and a "usa today" gallup poll before the debate said 53% think...
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let's handle taxes first of all. governor romney on the stump is insisting his 20% across the board reduction in tax rates would benefit and middle class and small business would give them very needed tax break, at the same time closing loopholes for wealthiest americans would assure they pay the same amount of taxes. the rally in fishersville, virginia, big rally, attended by thousands of people, he insisted president obama's plan to raise taxes on people more than $250,000 would be a job killer. here is what he said. >> he talk as about stimulus. talks about hiring more government workers. talks about the government making investments and of course he talks about raising taxes. vice president blurted out the truth today. they plan on raising taxes on the american people and that well kill jobs. we will not let that happen. we want to create jobs, not kill jobs in this country. [cheers and applause] >> reporter: governor romney also driving home the notion he is for 100% of americans. really trying to walk back from
let's handle taxes first of all. governor romney on the stump is insisting his 20% across the board reduction in tax rates would benefit and middle class and small business would give them very needed tax break, at the same time closing loopholes for wealthiest americans would assure they pay the same amount of taxes. the rally in fishersville, virginia, big rally, attended by thousands of people, he insisted president obama's plan to raise taxes on people more than $250,000 would be a job...
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he said, in fact, they do want to raise taxes a trillion dollars. well, i don't want to raise taxes on any americans because i want to create good jobs in america. [cheers and applause] now, i take america in a very different direction. first of all, i want to make re that our policies encourage job growth, and i have five things i'll do. you've heard me describe them time and again, but five things i'll do that'll get jobs growing in this country again, and growing right here in this part of virginia as well because number one on my list is to take full advantage of all our energy resources, our oil, our coal, our gas, our nuclear, our renewables. [cheers and applause] and i know you care a lot more about coal than the other ones i just mentioned, so let me just remind you that when the president was running for office, he said that if you built a new coal-fired plant, why, you'd go wasn't. and the head -- bankrupt. and the head of the epa has also said that the regulations on burning coal are now so vin gent is virtually impossible to build a new
he said, in fact, they do want to raise taxes a trillion dollars. well, i don't want to raise taxes on any americans because i want to create good jobs in america. [cheers and applause] now, i take america in a very different direction. first of all, i want to make re that our policies encourage job growth, and i have five things i'll do. you've heard me describe them time and again, but five things i'll do that'll get jobs growing in this country again, and growing right here in this part of...
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vo: why won't romney level with us about his tax plan, which gives the wealth y hu new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> live and in hd, this is an abc 7 news update. good morning at 7:26 on this friday, october 5. water service is returning to in prince george's county. along allentown road in camp springs, the lost pressure overnight. repaired and water is returning to normal. wssc says the water is perfectly safe to drink. president obama campaigns of mason in fairfax today romney will speak to abingson.in let's find out what is happening on the roads. good morning, the friday drive is pretty good. there is an accident on northbound 95 before dumfries. we will see off and on delays y on i-395 .t wa in chantilly, eastbound 50 at stringfellow has an accident and delays of 66 and no trouble getting through glebe road. we have not seen the big in the sky for a while. we're starting out a little this morning, 56 in fairfax an
vo: why won't romney level with us about his tax plan, which gives the wealth y hu new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> live and in hd, this is an abc 7 news update. good morning at 7:26 on this friday, october 5. water service is returning to in prince george's county. along allentown road in camp springs, the lost pressure...
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a closed fundraiser surreptitiously videoed that he suggested 47% of americans who don't pay income taxes are looking for some sort of government handout. first he called it inelegant. never defended it and never renounced it last night on the hannity show he did so summarily. watched? >> in this case i said something that's just completely wrong. i absolutely believe, however, that my life has shown that i care about 100%. >> completely wrong. a big jump from inelegant. having said that the romney campaign would like very much to close the chapter on this and get it behind them. the democrats today, the obama campaign, the democratic national committee and a whole bunch of other groups were firing off attack ads and groups trying to keep it center stage right through the presidential debate next week and the two presidential debates that follow. >> as you pointed out, carl it, didn't come up in this past debate may very well close the door on it yet. carl cammeron on the campaign trail for us tonight. thanks very much. >> you bet. >> harris: reaction tonight coming from others not inside
a closed fundraiser surreptitiously videoed that he suggested 47% of americans who don't pay income taxes are looking for some sort of government handout. first he called it inelegant. never defended it and never renounced it last night on the hannity show he did so summarily. watched? >> in this case i said something that's just completely wrong. i absolutely believe, however, that my life has shown that i care about 100%. >> completely wrong. a big jump from inelegant. having said...
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the real mitt romney's been running around the country for the last year, promising $5 trillion in tax cuts that favor the wealthy. >> reporter: many supporters asking, why wasn't the president tougher? why no mention of romney and his comments about the 47%? the people romney said he could never convince to take personal responsibility. romney offering new explanation for those comments overnight. >> why didn't president obama bring that up? what would you have said if he did bring it up? >> clearly, in a campaign with hundreds, if not thousands of speeches, and question and answer sessions, you're going to say something that didn't come out right. and i said something that's just completely wrong. >> reporter: that was one of the first times we heard romney, in fact, the first time we heard him say he was completely wrong about those comments about the 47%. as far as the obama campaign is concerned, they've acknowledged in the last 24 hours, they have to look at their debate strategy before the next one. >> they know it has to change. >>> now, to the big jobs news. the latest report
the real mitt romney's been running around the country for the last year, promising $5 trillion in tax cuts that favor the wealthy. >> reporter: many supporters asking, why wasn't the president tougher? why no mention of romney and his comments about the 47%? the people romney said he could never convince to take personal responsibility. romney offering new explanation for those comments overnight. >> why didn't president obama bring that up? what would you have said if he did bring...
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after a lump sum payout in taxes, they're almost $91 million richer overnight. >> is this heaven? >> it's iowa. >> reporter: iowa is earning a reputation of a field of dreams for powerball jackpots. $202 million this week. a $241 million jackpot in june, when 20 quaker oats workers hit it big in the office pool. the lohses don't know if they'll keep their day jobs. they want to spend the money wisely. >> we want to help out our community and our church. >> reporter: they plan on keeping their three children grounded. >> they're going to get a lot more dates. but -- that's important to the 15-year-old. you know, just stay grounded. and just don't change the way we've raised them. >> reporter: of course, the lohses did leave their press conference in a limousine. for "good morning america," john muller, abc news. >> staying grounded in a limousine. >> yeah, a 50-foot limo spells change. >>> we're going to go from one happy story to another. that good news from robin. she may be coming home from the hospital next week. >> yay. >> yay. >> fingers crossed. she posted a thankful thursda
after a lump sum payout in taxes, they're almost $91 million richer overnight. >> is this heaven? >> it's iowa. >> reporter: iowa is earning a reputation of a field of dreams for powerball jackpots. $202 million this week. a $241 million jackpot in june, when 20 quaker oats workers hit it big in the office pool. the lohses don't know if they'll keep their day jobs. they want to spend the money wisely. >> we want to help out our community and our church. >>...